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The distributive justice rule applies the concept of
Appraisal Clause
A provision in insurance policies requiring disputes over the value of a claim to be resolved by an independent appraiser.
Impartial
Unbiased and neutral without favoring one side over another.
Qualified Third Party
An independent entity recognized as having the expertise to perform a specific task or evaluation.
Misstatements
Incorrect or misleading representations of facts, typically in financial reporting, statements, or documents.
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